$10,000
closing credit¹
4450 NE 38th Ave Portland, OR 97211
Property details
About 4450 NE 38th Ave
Fantastic property located in NE Portland. 11 bedrooms, 5 full baths, and 4 half baths and 3 kitchens, one on each level. Updates with tasteful additions, and extremely well maintained. Investor opportunity with solid cash flow with an 8.56 cap rate. Rented fully as a care home. ADA friendly home, featuring accessibility amenities including an approach with ramp, accessible doors and hallways, main floor bedrooms with baths and walk in showers. High vaulted ceilings in back unit and lots of natural light on the upper floor and hardwoods throughout the main floor with many period details such as coved ceilings, two fireplaces and built-ins. All rooms are equipped with high end Mini-splits and energy efficient double pane vinyl windows. Great opportunity to own a high income producing property close to Wilshire Park, Beaumont Village and a short distance to Alberta Arts.
Highlights
Summary
- MLS Number: 23382743
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: John L. Scott NE Portland, John L. Scott Portland Central
- Office Email: neportland@johnlscott.com
- Listing Agent: Israel Hill, Doug Landers
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last updated on: 2/8/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,440,000
4450 NE 38th Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 04, 2022 | Home Sold | $1,075,000 |
| Apr 12, 2012 | Home Sold | $372,000 |
| Jun 18, 2009 | Home Sold | $385,000 |
| Jul 28, 2004 | Home Sold | $296,000 |
| Feb 20, 1998 | Home Sold | $172,500 |
| Jul 19, 1991 | Home Sold | $93,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $514,830 | $13,642 |
History based on county public records data.
Nearby schools
5
Rigler School
Public District KG-5
0.8 mi
•5401 NE Prescott St
10
Alameda Elementary School
Public District KG-5
0.8 mi
•2732 NE Fremont St
10
Sabin Elementary School
Public District KG-5
1.2 mi
•4013 NE 18th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $76,812. The most common annual income of people living in Portland, OR is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
Tennis
Live Theatre
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
Audi
BMW
Mercedes
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
Frequently asked questions
About 4450 NE 38th Ave
This home is located at 4450 NE 38th Ave in Portland, OR and zip code 97211 in the Wilshire neighborhood. This 4,948 square foot home, which was built in 1942, sits on a 0.12 acre lot. Features: 11 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since June 22, 2023 and is currently priced at $1,440,000.
While more than 140 listings in Portland, OR in January 2025 were sold above asking price, there were more than 118 listings sold at asking price, and more than 247 were sold below. In January 2025 in Portland, OR there were 6.6% more homes for sale than in December. While the average time on the market in January 2025 was 71 days, the median list price was $545,233.